tag:blogger.com,1999:blog-19043944.post114156350962467440..comments2023-06-07T08:21:59.372-04:00Comments on The Upcoming Housing Boom: American Savings RateUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19043944.post-1141655754952671392006-03-06T09:35:00.000-05:002006-03-06T09:35:00.000-05:00The comparison in the US is internally consistent....The comparison in the US is internally consistent. The change is as I pointed out, that we have options for savings unavailable 10, 20 ,40 years ago. Indeed a "passbook savings account" today is considered foolish.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-19043944.post-1141643822558987562006-03-06T06:17:00.000-05:002006-03-06T06:17:00.000-05:00I found it interesting that we keep hearing how mu...I found it interesting that we keep hearing how much worse we are, and this is the first time somebody even mentioned that the scales that savings is measured by changes from country to country.<BR/><BR/>What point is the comparision?Dogcrap Greenhttps://www.blogger.com/profile/08787720028392236244noreply@blogger.comtag:blogger.com,1999:blog-19043944.post-1141609442338240032006-03-05T20:44:00.000-05:002006-03-05T20:44:00.000-05:00If any, all or more of the $6 trillion in above th...If any, all or more of the $6 trillion in above the mean increase in housing values goes away are you ready to -deduct- that as readily as you are to add it in?<BR/><BR/>Regardless, you are correct that the US savings rate isn't a good indicator as many peope are capable of investing their wealth without giving banks an unholy cut for the privilege of the central banks an opportunity to steal even more with monetary policy. <BR/><BR/>For the past half decade at least, we've been rewarding negative savings at nearly every turn; from the ARM/fixed spread to the AMT tax floor. It should be no surprise that people react.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.com